Schedule 3, Part 1, paragraph 3

Section 137K (PRA rules about resolution plans: duty to consult) is amended as follows. In subsection (1)— for the words “the PRA”— where they first appear, substitute “either regulator”; where they appear after “resolution plan,”, substitute “ the regulator ”; and for the word “each”, in both places where it appears, substitute “ a ”. In subsections (1) and (3) for “resolution plan” substitute “ resolution pack ”. For subsection (2) substitute— “Relevant person” has the same meaning as in section 137J(2). After subsection (6) insert— In this section “authorised person”, in relation to the PRA, means PRA-authorised person. Accordingly, for the heading substitute “ Rules about resolution packs: duty to consult ”.

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Source: legislation.gov.uk · retrieved 2026-09-04